Canadian Financial Close: Loonie regains some strength

By Commodity News Service Canada

WINNIPEG, Feb. 8 (CNS Canada) – The Canadian dollar was up at market close on Friday, with a report of good job growth in January and increases in crude oil prices.
The dollar finished Friday at US$0.7536 or US$1=C$1.3270, which compares with Thursday’s close of US$0.7527 or C$1.3285.
On Friday, Statistics Canada reported a net gain of 66,800 jobs for January, with gains in services having outpaced losses in goods production.
The S&P/TSX Composite Index was down 70.03 points to finish Friday at 15,633.33 points, following the stock markets in the United States.

The Dow Jones fell 154.70 points on Friday to finish at 15,014.83 points. The NASDAQ lost 9.06 points to wrap up the week at 7,279.29 points. The S&P 500 slid 6.66 points to end trading at 2,699.39 points.
Despite trade negotiations between the U.S. and China resuming in Beijing on Feb. 11, the markets were cautious that little, if any, progress would be made.
Oil prices were up on Friday as U.S. refineries searched for alternative sources of heavy crude, following U.S. sanctions placed on Venezuela. West Texas Intermediate crude oil was up slightly by five cents to close at US$52.69 per barrel. Brent crude oil was up 39 cents to close at US$62.02 per barrel.
Gold was up US$3.80 on Friday to US$1,318.00 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———unchanged at $ 17.86
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–dn $ 3.94 at $ 48.13
Maple Leaf Foods—————–dn $ 0.27 at $ 29.72
Nutrien Ltd.———————up $ 0.33 at $ 69.84
Ritchie Bros Auctioneers Inc.—-dn $ 0.21 at $ 48.15
Rocky Mountain Dealerships Inc.–dn $ 0.09 at $ 8.99

(All figures are in Canadian dollars.)


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